ECONOMIC OUTLOOK OECD: Argentina's inflation rate to soar to 250% this year 05-02-2024 10:02 Annual inflation rate expected to skyrocket to 250.6% in 2024, forecasts Organisation for Economic Cooperation and Development.
ECONOMIC OUTLOOK OECD: Argentina should think about ‘effectiveness of its social spending’ 29-11-2023 12:22 OECD warns Argentina to assess "effectiveness of social spending" as it issues gloomy forecast for economy over next two years.
NEW FUNDING Massa announces US$1.3 billion in funding from IDB, World Bank 22-08-2023 21:52 World Bank and Inter-American Development Bank to loan Argentina around US$1.3 billion, announces Economy Minister Sergio Massa from Washington.
Economy Argentina's reserves fall to 17-year low after US$2.6-billion payment to IMF 01-08-2023 16:28 Argentina's Central Bank reserves drop to 2006 levels, raising currency devaluation concerns amid high inflation and an upcoming recession.
Economy IMF to loan Argentina as much as US$10.8 billion this year 31-07-2023 16:08 The International Monetary Fund has agreed to provide Argentina with up to US$10.8 billion in loans as part of a refinancing agreement, allowing the country to navigate its economic challenges ahead of the presidential elections, but meeting the fiscal and reserve accumulation goals will pose significant challenges according to analysts.
MASSA IN CHINA With Brazil’s backing, Argentina wins acceptance to BRICs bank 01-06-2023 19:01 Surprise announcement delivered by New Development Bank chief, former Brazil president Dilma Rousseff; BRICS members will formally discuss Argentina’s entry in August, but move has support of institution’s board.
BRICS SUMMIT BRICS strive to counter US with expansion, shared currency 01-06-2023 12:30 The BRICS group is ramping up its bid for greater global influence and to challenge the US, sensing a moment to capitalise on a splintering world order to build out its ranks.
Food & energy Argentina secures US$500-million Saudi investment on food, energy 14-04-2023 08:46 State-run Saudi fund putting money into food and energy projects in Argentina, though details few and far between.
REGIONAL OUTLOOK IDB predicts 'difficult' 2023 for Latin America 20-03-2023 10:49 Latin America and the Caribbean will experience a "difficult" 2023 with barely one percent growth due to global uncertainty, Inter-American Development Bank warns.
ECONOMIC OUTLOOK OECD forecasts slowdown for Argentina’s economy in 2023 22-11-2022 14:42 Argentina’s GDP will grow 4.4% this year and by just 0.5% the following; Global GDP will increase 3.1% in 2022 – nearly half the rate of previous year, forecasts Organization for Economic Co-operation and Development.
INTERVIEW Todesca Bocco, Argentina's candidate for IDB chief, calls for its ‘transformation’ 17-11-2022 16:17 Cecilia Todesca Bocco, Argentina's Secretary for International Economic Relations and candidate for the presidency of the Inter-American Development Bank (IDB), outlines her vision for the institution.
Inter-American Development Bank Brazil Central Bank veteran wants to curb politics at the IDB 15-11-2022 20:15 Ilan Goldfajn says Inter-American Development Bank said the institution needs to overcome the region’s historic left-right political conflicts to address challenges from poverty to climate change.
Inter-American Development Bank Argentina nominates Cecilia Todesca Bocco for IDB chair 14-11-2022 14:09 Argentina’s government proposes International Economic Relations Secretary Cecilia Todesca Bocco as its pick for the next head of the Inter-American Development Bank (IDB/BID).
Inter-American Development Bank Latin America bank to consider five candidates for chief 13-11-2022 12:13 There are five candidates in race to become new chief for the Inter-American Development Bank, a key financial institution for the region.
INTERVIEW Victoria Tolosa Paz sets priorities: ‘There can be no excessive overlap of social plans’ 17-10-2022 17:32 New Social Development Minister is settling into her new office, anticipating a new line for her stewardship. “You’re going to have to go out to work if you want to earn more than a minimum wage,” assures Victoria Tolosa Paz. New official feels that she has the support of all internal sectors within Frente de Todos and that they will only manage to be electorally competitive if they can succeed in “sorting out the lives of those with work and those without.” by Rosario Ayerdi
AGRICULTURE Argentina mulls tighter wheat export controls as crop withers 13-10-2022 16:49 Argentina is considering tightening the screws on wheat exports as a drought withers plants.
NEW FUNDING IDB signs off on US$700 million loan for Argentina 12-10-2022 17:01 Inter-American Development Bank announces US$700-million loan to Argentina to "strengthen the country's public finances" and "protect social spending."
SOCIAL UNREST Protesters set up camp on Avenida 9 de Julio as picketers demand social aid 27-09-2022 21:49 Militants of the Unidad Piquetera grouping set up tents on 9 de Julio Avenue as members vote to spend the night and extend protest demanding greater social aid from government.
WORLD ECONOMY OECD: World economy to slow, 'paying the price of war' 26-09-2022 15:33 OECD reduces Argentina's growth forecast for 2023 by 1.5 points, predicting an expansion of 0.4% next year. Outlook for this year remains unchanged, with estimated growth of 3.6%.
Inter-American Development Bank IDB board recommends removing Trump-picked chief Claver-Carone 22-09-2022 23:39 Executive directors of the Inter-American Development Bank unanimously recommend ousting chief Mauricio Claver-Carone after a probe into an alleged romantic relationship with a top aide found he probably violated ethics rules.
MASSA IN THE UNITED STATES IDB agrees to loan Argentina US$5 billion over this year and next 07-09-2022 12:17 After what appears to be a resetting of the relationship, the Inter-American Development Bank on Tuesday agreed to loan some US$5 billion to Argentina in 2022 and 2023.
MASSA IN THE UNITED STATES Argentina gets vote of support as IDB boosts loan on Massa trip 07-09-2022 11:31 Economy Minister Sergio Massa wins a major loan commitment from Inter-American Development Bank, a symbolic victory in his bid to restore some confidence.
Bloomberg IMF sees Argentina committed to programme, with downside risks 26-07-2022 13:27 Officials re-iterate Argentina’s commitment to IMF $44 billion programme, despite economy in deepening crisis and risks on the downside.
INTERVIEW / PERIODISMO PURO Daniel Scioli: ‘In 2015, I proposed Wado as my running-mate to Cristina’ 24-06-2022 09:17 Argentina’s newly installed productive development minister discusses bilateral relations with Brazil and its upcoming election, his return to the Cabinet and Frente de Todos’ chances in 2023. by Jorge Fontevecchia
FRENTE DE TODOS Internal affairs: Why no-one wants to be loyal to Alberto Fernández 09-06-2022 23:27 One by one, the president is letting go of those officials who defend him. Scenes from a Cabinet in disarray. by Juan Luis González
And that reminds me… The near in blood, the nearer bloody 09-06-2022 23:06 No economic policy in Argentina seems as dangerous as its total subordination to politics – which is what has happened with Matías Kulfas. by Michael Soltys
Frente de Todos Fernández sacks Kulfas over 'off-the-record' briefing against vice-president 04-06-2022 20:49 Alberto Fernández sides with Cristina Fernández de Kirchner and sacks one of his key officials, Productive Development Minister Matias Kulfas.
Environment Global plastic use and waste on track to triple by 2060 03-06-2022 13:22 Annual production of fossil-fuel-based plastics is set to top 1.2 billion tonnes by 2060 and waste to exceed one billion tonnes, according to the Organisation for Economic Co-operation and Development (OECD).